Thursday, March 05, 2009

No bull

If I hear one more moron say that the path of the markets reflects the populace's judgment of Obama's performance I'm gonna be angry. The markets reflect the market's judgment of itself. Obama's doing fine and will continue doing fine, and the markets will come along in their own good time.

I used to advocate capital punishment for crimes of capital, and I'm coming back around to that position. I think the best way to deal with the situation would be to take a cue from Solzhenitsyn's Gulag Archipelago. Stalin's whole point, in Solzhenitsyn's view, was to punish people for no crimes to imbue them with an arbitrary fear of a random state.

That's how we should treat traders, both within banks and active day traders. We should just "disappear" a few of them each year. 17 one year, 479 the next, regardless of the scale of their infractions. That'll teach em to do shady shit.

1 comment:

Anonymous said...

Here, here!
Aux armes citoyens!
Formez vos bataillons,
Marchons, marchons!
Qu'un sang impur
Abreuve nos sillons.